Ethereum is witnessing significant growth as it prepares for its ten-year anniversary, reaching the $2,800 mark.
Ethereum Price Dynamics
According to crypto.news, on July 10, the price of Ethereum reached a peak of $2,816 around 7:16 AM UTC, reflecting a 6.4% increase. However, the token quickly settled back around the $2,790 level. At present, Ethereum is trading at $2,791, corresponding to a 6.34% rise over the past 24 hours. Ethereum's market capitalization also increased by 6.37%, amounting to $336.9 billion.
Transfer by Ethereum Foundation
According to on-chain data from PeckShieldAlert, the Ethereum Foundation transferred 1,000 ETH on July 10 worth approximately $2.7 million to an internal address. Currently, the address holds about 14,000 ETH worth nearly $40 million. Earlier in June, the foundation announced a new treasury policy aimed at ensuring sustainability while supporting the ecosystem's growth.
Historical Development of Ethereum
Ethereum launched on July 30, 2015, with its first decentralized blockchain platform known as Frontier. Since its launch, Ethereum has gone through numerous upgrades, the latest being Pectra, which went live on May 7, 2025.
Ethereum is demonstrating significant growth as its tenth anniversary approaches, which may attract additional attention from investors and users in the crypto community.
